Meta Platforms, Inc Chief. Executive Mark Zuckerberg told employees on Thursday that WhatsApp and Messenger would drive the company’s next wave of sales growth, as he sought to assuage concerns about Meta’s finances after its first mass layoffs.
Mr. Zuckerberg, addressing pointed questions at a company-wide meeting a week after Meta said it would lay off 11,000 workers, described the pair of messaging apps as being “very early in monetizing” compared to its advertising juggernauts Facebook and Instagram, according to remarks heard by Reuters.
Investors have questioned the wisdom of that decision as Meta’s core advertising business has struggled this year, more than halving its stock price. Within Reality Labs, the unit was spending over half of its budget on augmented reality , with smart glasses products continuing to emerge “over the next few years” and some “truly great” AR glasses later in the decade, Mr. Zuckerberg said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zuckerberg says WhatsApp business chat will drive sales sooner than metaverseZuckerberg highlights monetizing opportunities for WhatsApp and Messenger, signaling a shift in tone away from its focus on metaverse investments.
Read more »
Lazada sees strong sales for beauty items, electronics in recent “11.11” sale - BusinessWorld OnlineE-COMMERCE platform Lazada recorded higher sales for beauty items, electronics, and activewear during its recent “11.11” sale ahead of the holiday season.
Read more »
Ticketmaster cancels Taylor Swift ticket sales; Congress wants answersTicketmaster canceled Friday’s planned ticket sales to the general public for Taylor Swift’s 2023 U.S. concert tour as 3.5 billion ticket requests from fans, bots and scalpers overwhelmed the website with record demand.
Read more »
Romualdez leads assistance drive for fire victimsThe Offices of House Speaker Martin G. Romualdez and Tingog Party-list Reps. Yedda Marie K. Romualdez and Jude Acidre, on
Read more »
San Miguel income rises to P43.5B as sales climb - BusinessWorld OnlineRISING demand for the past nine months has fueled a 26.5% core profit rise for San Miguel Corp. (SMC) to P43.5 billion from P34.4 billion last year, the diversified conglomerate said on Monday.
Read more »
Global stocks slip, dollar steady as retail sales tip Fed outlookGlobal stocks slid from two-month highs and the safe-haven dollar steadied on Wednesday after stronger-than-expected U.S. retail sales clouded the inflation outlook and hopes that the Federal Reserve could ease its aggressive interest rate hikes. |Reuters
Read more »